“Today we see the first aluminum produced in Saudi Arabia, and the launch of a new industry,” Ma’aden President and CEO Khalid al-Mudaifer said at the inauguration of production in Ras al-Khair in Eastern Province.
The Ma’aden Aluminum joint venture is 74.9 percent-owned by the Saudi group, with the rest held by Alcoa.
The smelter is part of a joint venture agreed in 2009 to construct a giant industrial complex costing $10.8 billion.
In addition to the smelter which will have an initial annual capacity of 740,000 metric tons, the complex includes a bauxite mine with an initial capacity of four million metric tons per year, and an alumina refinery with an annual initial capacity of 1.8 million metric tons.
The complex also comprises a rolling mill with a capacity of 380,000 metric tons annually.
The smelter was built by Bechtel in 29 months.